Why Trump’s ‘gold card’ proposal is more complicated than it sounds
CNN
Immigration law experts say the “gold card” proposal is far more complicated and uncertain than President Donald Trump and Commerce Secretary Howard Lutnick made it sound last week.
The Oval Office announcement caught many immigration experts by surprise. Last week the president known for touting his mass deportation plans floated a new way he wants to draw wealthy foreigners to the US: a “gold card” that offers investors a path to US citizenship for $5 million. “I think it’s going to be very treasured. I think it’s going to do very well. And we’re going to start selling, hopefully, in about two weeks,” President Donald Trump said on Wednesday. Commerce Secretary Howard Lutnick said the plan could raise $1 trillion to pay down the national debt, and that it would replace the existing EB-5 investor visa. But immigration law experts say the “gold card” proposal is far more complicated and uncertain than Trump and Lutnick made it sound. Here are several reasons why: The gold card Trump described would be a new visa granting lawful permanent resident status in the US and a pathway to citizenship. But a president alone can’t create a pathway to citizenship – a fact that’s also foiled Trump’s predecessors’ desires for significant immigration reforms.
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